Silver Price Forecast: Silver Selloff Deepens as Fed Rate Fears Rise
By:
Key Points:
- Silver remains under short-term pressure as strong U.S. jobs data, higher Treasury yields and a stronger dollar keep Fed rate fears alive.
- The latest silver selloff may still develop into a major buying opportunity if price action stabilizes near key support.
- Silver’s long-term structure remains constructive, but weak momentum and Fed policy risks could extend the correction before the next rally.
Silver (XAG) remains under pressure as robust U.S. employment data, rising Treasury yields and a strong U.S. dollar continue to support the expectations of higher rates for longer. These factors put downward pressure on precious metals. In my view, this correction will set up the next significant buying opportunity for long-term investors. This article discusses the macro factors, oil-driven inflation risks and the mixed messages of the ISM manufacturing data. The article focuses on the short-term and long-term price structures to understand how these macro factors may shape the next move in silver.